Tellabs 52-Week High Alert (TLAB)

Posted in pre-market 
April 27th, 2010

Tellabs Inc. (NASDAQ: TLAB) is trading up sharply after the telecom equipment maker said that first quarter earnings were $0.11 EPS, higher than the $0.09 estimate from Thomson Reuters.  Revenue was also up by about 5% at $379.7 million versus $371.5 million expected.

At 9:02 AM EST we have shares up about 10.5% at $9.08 on over 600,000 shares.

Average volume is 6 million shares and the preior 52-week trading range is $4.71 to $8.61.

This is not just 52-week highs, but multi-period highs. It appears that the last time shares were over $9.00 was in October 2007.

JON C. OGG

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